Zinc falls by 0.2% on subdued demand

Zinc fell by 0.22% to Rs 115.90 per kg in futures trade today as speculators trimmed positions tracking low demand in domestic spot markets even as metal firmed in the global market.

 

At the Multi Commodity Exchange, zinc prices for delivery in November shed 25 paise, or 0.22%, to Rs 115.90 per kg in business turnover of seven lots.

 

In similar fashion, the metal for delivery in October traded lower by 20 paise, or 0.17%, to Rs 114.60 per kg in 305 lots.

 

Market analysts said sluggish domestic demand in the spot market mainly put pressure, but a firming trend in base metals overseas limited the fall.